20.04.23 Archives

Mizoram is the happiest state in India, claims studyThe Northeastern state Mizoram has been declared as the happiest state in India. This announcement has been made as per the study conducted by Rajesh K Pillania, professor of strategy at the Management Development Institute in Gurugram. It may also be mentioned that , Mizoram is also the 2nd state in India to have a 100 % literacy rate. Based on six parameters, the happiness index of Mizoram includes work related matters, family relationships, social issues, mental and physical health, religion and effect of Covid 19 on peoples happiness.

June 14, 2024 by rawan239

Assam, Arunachal sign MoU to resolve border disputeIn a significant development, the Assam and Arunachal Pradesh governments signed a Memorandum of Understanding (MoU) in New Delhi on Thursday to resolve a long-pending border dispute along the boundaries of both northeastern states. The MoU was signed in the presence of Union Home Minister Amit Shah, who lauded the efforts of both states to resolve the issue. Assam Chief Minister Himanta Biswa Sarma and his Arunachal Pradesh counterpart Pema Khandu were present at the signing ceremony.

June 14, 2024 by rawan239

As per the agreement, out of 123 villages claimed by Arunachal Pradesh before the Local Commission in 2007, 71 have been amicably resolved so far. This includes 37 villages resolved through the Namsai Declaration on July 15, 2022, and

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34 villages through the MoU signed on Thursday. Out of these 71 villages, one village will be included in Assam from Arunachal Pradesh, 10 villages will continue in Assam, and 60 villages will be included in Arunachal Pradesh from Assam.

The signing of the MoU has been welcomed by both states, with the hope that it will bring an end to the long-pending border dispute and usher in an era of peace and harmony between the two northeastern states.

State eyes Rs 10K cr from taxes on liquor this FY

June 14, 2024 by rawan239

Encouraged with a high Growth in collection of Excise revenue in the past two years, the is eyeing for Rs 10,000 crore Excise and VAT collection from liquor during the Financial Year (FY) 2023-24.

Principal Secretary Excise Sushil K Lohani reviewed the Excise and VAT collection in the Excise sector. It came to the fore that the State had collected Rs 4,053.51 crore Excise and VAT of Rs1,346.71 crore from liquor during the FY 2020-21,

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which has been increased to Rs 5,528.40 crore Excise and Rs 2,100 crore VAT totalling to Rs 7,628.40 crore in 2021-22, thereby registering a growth of 41.26 per cent.

Similarly, the State has collected Rs 6,182.36 crore Excise and Rs 2585 crore VAT from liquor making a record amount of Rs 8,767.36 crore during the FY 2022-23 marking a growth of 14.93 percent against the collection of FY 2021-22.

While Rs 4,053.51 crore Excise revenue was collected during the FY 2020-21, it has increased to Rs 5,528.40 crore in 2021-22, thereby registering a growth of 36.39 percent. The excise revenue collection again increased by 11.83 percent to Rs 6,182 crore in 2022-23.

Moreover, the State collected Rs 1,346.71 crore VAT on excise items during 2020-21, which witnessed a growth of 55.93 per cent in 2021-22 and 23.08 percent growth in 2022-23. The State had collected Rs 2,100 crore and Rs 2,585 crore VAT from liquor during 2021-22 and 2022-23, respectively.

To achieve the ambitious Excise revenue target set for 2023-24, the State Government has come up with a comprehensive Excise Policy for the current fiscal.

Of late,tigershave been observed outside of the protected areas of the five tiger reserves in the state. Be it Anamalai, Mudumalai, Sathyamangalam, Kalakkad Mundanthurai or the newly formed Srivilliputhur Meghamalai, at least half a dozen tigers have been sighted.Its great news, say officials, because the sighting of tigers outside the reserves/protected areas indicates the population of the big cat in the state is on the rise.

June 14, 2024 by rawan239

The approach adopted by the NTCA to measure tiger numbers as well as tiger spatial distribution are deeply flawed. Therefore, the

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results they present in all five surveys from 2006 to 2022 are unreliable.

The city has clocked the second highest quantum of land deals after Delhi NCR during the 2018-22 period with 24 deals for 970 acres of land worth $0.9 billion being clinched out of the total 6,800 acres of land that was acquired in the top seven cities of the country over these five years.
The report, titled ‘Indian real estate: Betting on a capital future’, said while Delhi NCR accounted for nearly 26% of total land acquired during the five-year period, Hyderabad and Mumbai accounted for about 14% of the total transactions by land size, followed by Bengaluru at 10%, Chennai at 8% and Pune at 7%.

During the five-year period, a total of $12 billion was pumped into these land acquisitions across the country, of which residential realty accounted for 30%, mixed use developments 29%, office sector 19%, I&L 9%, data centres 7%, retail 3% and others 3%. Of $31.8 billion Equity investments into real estate sector Hyderabad attracted $2.24 billion, accounting for 7% of cumulative

Investments in India. But Mumbai accounted for the lion’s share of the total investment inflows into the sector at 25% ($8 billion), followed by Delhi-NCR at 21% ($6.6 billion), Bengaluru at 16% ($5.2 billion), Chennai at 9% ($2.9 billion), and Pune at 5% ($1.4 billion).